Automundo China

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Chinese electric vehicle manufacturer BYD is set to embark on an ambitious industrial expansion, with plans to construct the fourth phase of its industrial park in the Shenzhen-Shanwei Cooperation Zone, according to an official announcement by the Shenzhen government on Tuesday. The strategic development promises substantial economic impact, with projections indicating that the third and fourth phases of the industrial park will collectively generate an annual output value exceeding 200 billion yuan (approximately $27.63 billion) upon reaching full operational capacity.

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Chinese electric vehicle giant BYD plans to build the fourth phase of its industrial park in southern China's Shenzhen-Shanwei Cooperation Zone, the Shenzhen government said on Tuesday. The industrial park is projected to generate an annual output value exceeding 200 billion yuan ($27.63 billion) once both the third and fourth phases reach full operational capacity, the government said in a post on its official WeChat account. ($1 = 7.2394 Chinese yuan renminbi)